Space Industry and Business News  
CAR TECH
Late to the party, German carmakers join race against Tesla
By Yann SCHREIBER
Frankfurt Am Main (AFP) Sept 29, 2018

After years watching Tesla's electric cars speed ahead while they have been on the defensive over an industry-wide diesel emissions scandal, German high-end manufacturers have finally unveiled their first challengers to the Californian upstart.

Mercedes-Benz maker Daimler, BMW and Volkswagen's Audi and Porsche subsidiaries between them control some 80 percent of the worldwide premium car market.

But until recently they offered little battery-powered, zero-emission competition to Tesla and its bombastic chief executive Elon Musk.

That changed this month, with all three groups unveiling their first all-electric SUVs slated for release over the next two years.

Audi rolled out its "E-Tron", BMW its "iNext" and Mercedes its "EQC", while Porsche presented an electric coupe, the "Mission E".

In total, German carmakers have vowed a total of almost 40 billion euros ($46.7 billion) of investment in battery-powered vehicles in the coming three years, industry association VDA says.

With a market share of around eight percent in Germany -- compared with Tesla's 0.1 percent -- Audi hopes electric cars will account for around one in three sales by 2025.

"Finally, it's getting started!" auto industry expert Ferdinand Dudenhoeffer told AFP.

Time is pressing, as sales of engines powered by automakers' longtime growth driver diesel have plummeted in the face of plans by many large cities to ban them to bring down air pollution.

- Wild ride for Tesla -

The entrance of the three German behemoths into the electric race is far more consequential for Tesla than smaller fish like Britain's Jaguar, whose "I-PACE" is already on sale in the UK.

And the US tech firm faces major hurdles of its own, struggling to stem losses that have been going on for years while trying to reassure investors and customers of its chief executive's mental health.

Musk was filmed drinking whisky and smoking cannabis (which is legal in California) with radio host Joe Rogan earlier this month, and in August revealed he was suffering from intense stress and fatigue in an interview with the New York Times.

On Tuesday, Tesla confirmed that the US Department of Justice was investigating the company over Musk's tweet announcing a plan to remove its shares from the stock market.

Also on Twitter, the South African entrepreneur admitted Tuesday that after months spent overcoming "production hell" on the firm's mass-market Model 3, it was now in "delivery logistics hell" struggling to get cars to buyers -- while promising "rapid progress".

For expert Dudenhoeffer, "Tesla is the market leader and has great strength in innovation, but the coming six to nine months will be a decisive test" for its chief executive.

"If he doesn't manage to stabilise the Model 3 and make the firm profitable, it will get very complicated for him, including with regard to his investors."

- Battery gamble -

The German government hopes to see one million fully electric and hybrid vehicles on the road by 2022, up from fewer than 100,000 at the start of this year.

But the spread of the technology is constrained by a number of factors, including a limited range of models for sale, slow expansion of charging infrastructure and limited capacity for building new batteries.

A government commission on electric mobility recently found Germany would need to increase the number of charging points available more than five-fold to serve a million drivers.

And while they are perfecting electric motors and other electric-drive components, German carmakers have so far balked at direct investment in costly battery production, aware that they would have to catch up on a head start enjoyed by Asian industry leaders and unwilling to gamble on an adventure in the unfamiliar territory of cell chemistry.

European Commissioner Maros Sefcovic said recently that the EU should be open to state aid for a long-hoped-for "Airbus of batteries", while business daily Handelsblatt reported the German economy ministry is cobbling together a consortium of companies and research institutes.

For now the most conspicuous progress comes from China's CATL.

The challenger for global battery leadership against the alliance of Japanese Panasonic and Tesla announced in July a mammoth new factory in central Germany to supply European customers.

tgb/mfp/jh

TESLA MOTORS

THE NEW YORK TIMES COMPANY

VOLKSWAGEN

AIRBUS GROUP

DAIMLER

PANASONIC CORP.

BAYERISCHE MOTOREN WERKE AG


Related Links
Car Technology at SpaceMart.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


CAR TECH
Renault-Nissan alliance takes Google Android for a drive
Paris (AFP) Sept 18, 2018
Renault's alliance with Nissan and Mitsubishi said Tuesday it would start equipping its cars with the Android operating system to make dashboards smart. Under a deal with web giant Google, the Renault-led group - the world's largest auto alliance by sales volume - will begin incorporating the most widespread operating system into its vehicle dashboards starting from 2021. "The main objective is to offer (drivers) the same experience in their cars as smartphone users have on their devices," the ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CAR TECH
Three NASA Missions Return 1st-Light Data

Chemists functionalize boron nitride with other nano systems

Malaysia government to review Australia rare earths plant

New world record magnetic field

CAR TECH
Lockheed Martin embraces agile software development to evolve signals intelligence capabilities

Lockheed Martin Introduces Mission Planning System That Connects Systems and Assets Across Domains

ViaSat contracted for JTRS aircraft communications systems

U.S., India agree on defense communications cooperation pact

CAR TECH
CAR TECH
AF Announces selection of GPS III follow-on contract

Lockheed Martin preps ground support for GPS 3 sats and M-Code ops

'Robat' uses sound to navigate and map unique environments

Antenova offers ultra-small GNSS active antenna module for difficult locations

CAR TECH
Harris contracted for B-52, C-130 parts for U.S. Special Ops Forces

Sikorsky nears completion on HH-60W helicopter trainers

Sikorsky contracted for CH-53K King Stallion spares

DynCorp contracted for training aircraft support for Navy

CAR TECH
Qualcomm alleges Apple gave swiped chip secrets to Intel

Smaller, faster and more efficient modulator sets to revolutionize optoelectronic industry

DARPA contracts USC for circuit development program

New photonic chip promises more robust quantum computers

CAR TECH
Scientists locate parent lightning strokes of sprites

Quick and not-so-dirty: A rapid nano-filter for clean water

ECOSTRESS Maps LA's Hot Spots

Famous theory of the living Earth upgraded to Gaia 2.0

CAR TECH
Coca-Cola, Walmart to cut plastic pollution in oceans

Nappy change: Dutch to turn diapers into furniture

Air pollution linked to higher risk of dementia: study

Microplastics may enter foodchain through mosquitoes









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.